DTEK reports 62% revenue growth in 2010

DTEK, Ukraine’s largest private energy holding, reported 61.8% y-o-y growth in revenues to USD 3.05 bln in 2010, and 0.6 pp increase in EBITDA margin to 24.4%, according to audited consolidated financial results for 2010 announced yesterday by the company. The company’s net income grew by threefold to USD 359 mln. Yegor Samusenko: Following the spectacular growth in the top line with flat EBITDA margins, the company’s Net Debt to EBITDA ratio fell below its end-2009 level.